Grant Thornton Partners appointed as Voluntary Administrators to Oceania Glass Pty Ltd (Administrators Appointed)

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On Tuesday 4 February 2025, Lisa Gibb, Said Jahani and Matt Byrnes of Grant Thornton Australia were appointed Joint and Several Voluntary Administrators of Oceania Glass Pty Ltd (the Company).

Based in Dandenong Victoria, the company is an Australian architectural glass manufacturer, specialising in float glass, coated glass and laminated glass. It has distribution centres across Australia.

The Administrators will continue to trade the Company while they undertake an urgent financial review of the business and conduct an accelerated sale process for the business as a going concern.

Lisa Gibb, Joint and Several Voluntary Administrator from Grant Thornton stated: “We understand the role the Company plays in the Australian construction sector. In continuing to trade the business with a view to a going concern sale, we will work to mitigate the potential disruption to customers and the broader sector.”

“If an appropriate buyer cannot be found during the Voluntary Administration period and the Administrators are faced with the difficult decision to shut down the business, we believe this period will allow customers to make alternative sourcing arrangements and significantly reduce disruption to the broader construction industry.”

“We appreciate this is an extremely difficult time for employees of the Company and their families and we will provide them with as much transparency as possible during the Voluntary Administration process.”

A first meeting of creditors of the Company is scheduled for Friday 14 February at 11:00am. At the end of the Voluntary Administration period the Administrators will release a Creditor’s Report which will explain the reasons behind the Company’s failure and their recommendations on the future of the Company.

Oceania customers and creditors can email oceaniaglass@au.gt.com for further information.

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Press release

Grant Thornton Partners appointed as Voluntary Administrators to Oceania Glass Pty Ltd (Administrators Appointed)

04 Feb 2025

On Tuesday 4 February 2025, Lisa Gibb, Said Jahani and Matt Byrnes of Grant Thornton Australia were appointed Joint and Several Voluntary Administrators of Oceania Glass Pty Ltd (the Company).

The Administrators will continue to trade the Company while they undertake an urgent financial review of the business and conduct an accelerated sale process for the business as a going concern.

Oceania customers and creditors can email oceaniaglass@au.gt.com for further information.

Experts / Authors

Carla van den Hoorn

Communications Manager at Grant Thornton Australia

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